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1848 N-46 R7 VF20+

Currency:USD Category:Coins & Paper Money Start Price:25.00 USD Estimated At:NA
1848 N-46 R7 VF20+
SOLD
8,500.00USD+ buyer's premium
This item SOLD at 2024 Jan 19 @ 21:35UTC-6 : CST/MDT
Attractive glossy medium brown and light chocolate. The surfaces are smooth and this cent would rate a grade of at least VF30 if not for a pair of mint-made planchet flaws at the rim and dentils over stars 5 & 6. Otherwise just minor marks including a small but fresh scuff on the lower part of the upright of the E in ONE. EDS. All the attribution points are clear and the fine diagonal die lines from the dentils under the date are sharp. This variety was unknown to Newcomb and Reiver. Thomas R. Wagemaker discovered the first example in 1991, had the discovery confirmed by Grellman in August of that year, and since then 6 more have been found (counting this piece). The discovery coin had been the finest of that small group at net F12, but this new discovery is clearly CC#1. The obverse for the N-46 die variety was used first on N-46 and subsequently to strike the N-44, N-32, and N-6 varieties in that order. The reverse for N-46 was first used to strike N-10, then N-46, and finally N-11 where it suffered three rim cud breaks and was retired. The current condition census for N-46 according to Grellman is 20+, 12, 8, 7(3), 6. All 7 of these examples are net graded due to marks, corrosion, damage, or planchet defects. An unexpected opportunity for the collector of late date large cents.

Discovered by Henry T. Hettger